Max M Cuba Foundation Inc
- Assets
- $337.8k
- Revenue
- $72.5k
- Investments
- $328.4k
- Employees
- 0
- Location
- Dunwoody, GA
- Founding
- 10/1961
- Data as of
- 12/2021
- EIN
- 58-6034321
Organization Overview
Max M Cuba Foundation Inc is located in Dunwoody, GA. The organization was established in 1961. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Max M Cuba Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Max M Cuba Foundation Inc generated $72.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $61.0k during the year ending 12/2021. While expenses have increased by 5.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Max M Cuba Foundation Inc has awarded 11 individual grants totaling $193,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THERE WERE NONE. THE ORGANIZATION MAKES CONTRIBUTIONS TO CHARITIES AND DOES NOT TAKE AN ACTIVE ROLE OF ANY SORT IN THE DONEE ORGANIZATIONS. THE ORGANIZATION MAKES CONTRIBUTIONS TO SECTION 501(C)(3) ORGANIZATIONS PURSUANT TO ITS EXEMPT PURPOSES.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,028 |
| Interest on Savings | $0 |
| Dividends & Interest | $19,030 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $28,434 |
| Capital Gain Net Income | $28,434 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $72,492 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $16 |
| Taxes | $94 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,918 |
| Total operating and administrative expenses | $13,028 |
| Contributions, gifts, grants paid | $48,000 |
| Total expenses and disbursements | $61,028 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,480 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $337,840 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Max M Cuba Foundation Inc has awarded $48,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CHABAD OF GA PURPOSE: RELIGIOUS | $28,000 |
YESHIVAT EMREI EMETH CHASSIDEI GUR PURPOSE: RELIGIOUS | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Joe C Davis Foundation Nashville, TN | $101,782,891 | $6,182,733 |
Fraser-Parker Foundation Atlanta, GA | $226,420,772 | $14,099,479 |
Paces Foundation Inc Smyrna, GA | $85,397,872 | $9,603,919 |
Gambrell Foundation Charlotte, NC | $0 | $18,901,501 |
Ds Foundation Miami, FL | $183,651,055 | $1,385,395 |
The Ma-Ran Foundation Atlanta, GA | $81,838,064 | $4,938,726 |
Day Foundation Memphis, TN | $0 | $13,711,953 |
Clayton Family Foundation Knoxville, TN | $90,913,195 | $17,391,150 |
G Harbaugh Foundation Franklin, TN | $61,708,468 | $12,393,056 |
Altec-Styslinger Foundation Inc Birmingham, AL | $128,305,509 | $25,360,360 |
Elizabeth Morse Genius Foundation Winter Park, FL | $145,557,522 | $11,233,005 |
Daniel Foundation Of Alabama Birmingham, AL | $125,925,900 | $11,135,386 |